In an environment of subdued investment returns, Davis says
consumer awareness will increase that the 2.5 per cent management expense ratio of the
average Canadian
mutual fund will «take a much bigger bite out of returns and investors will be more apt to notice that.»
After that, the return will
average 2.6 % per year for whole life, 4.2 % for universal life, and 7.4 % for the new - and - improved variable life policy that includes
mutual funds, according to
Consumer Federation of America, Kiplinger's Personal Finance and Fortune magazines.